A credit union is a group of people who save together and lend to each other at a fair and reasonable rate of interest.
Unlike a bank, a credit union exists only to serve its members — not to profit from them. Any profit or extra income generated is returned to the members by way of a dividend and/or is directed to improved or additional services required by the members.
There are many great benefits to joining any credit union and some very specific benefits to becoming a member of St. Joseph’s Irish Airports & Aviation Credit Union, some of which are listed below.
General Credit Union Benefits:
• Your savings are insured at no direct cost to the eligible member.*
• Your loans are insured at no direct cost to the eligible member.*
Joining a credit union is easy once you are within what’s called ‘The Common Bond’ of the credit union.
The common bond is the element that all members have in common.
The most popular common bonds are:
The habit of saving is best started early. So if you’re under 16 and would like to start saving or you’re a parent/guardian and would like to start for someone, we have a special option for you.
You can download the Membership Application Form here and ensure that the Under 16 section is completed before you send it in.